Agate Products Limited

Agate Products Ltd, based in London, UK, is a long-standing small company with an active status, having been founded 78 years ago in 1946. Employing 21 people, the company holds assets worth £3,249,520 and operates from a real address. With three directors and one owner, Agate Products Ltd is a regular importer and exporter of optical and medical tools and devices, with 64 months of import activity and 22 months of export activity recorded.

The company specializes in the precision machining of hard and ultrahard materials, a service they've been providing since their inception. Their website details a wide range of materials they work with, including alumina, sapphire, silicon carbide, and quartz, catering to industries like aerospace, automotive, and medical. They offer services like grinding, drilling, honing, and polishing, and even have a showroom in Harrods.

Financially, Agate Products Ltd shows a generally healthy picture. Cash bank on hand increased by 16%, reaching £790,000, while current assets rose by 12% to £3,200,000. Trade debtors decreased by 30%, suggesting better cashflow management. However, creditors increased by 14%, reaching £560,000, and property plant and equipment increased by 47%, which could be due to investment in machinery. Net assets also increased by 13%, reaching £2,900,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is common for companies of this size.

While the company’s long history and diverse capabilities suggest stability, the increase in creditors warrants a closer look. The increase in property plant and equipment could indicate expansion or modernization of their facilities, which could be a positive sign for the future.

Registered in England/Wales under the registration number 00426000, with a registered address at NW11 0LT, England, London, 2 St. Georges Close.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.